Cameco Co. (NYSE:CCJ) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 471,616 shares of the basic materials company’s stock after selling 62,441 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Cameco worth $24,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc lifted its position in Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the period. Bridgewater Associates LP raised its stake in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after buying an additional 410,711 shares in the last quarter. Progeny 3 Inc. lifted its holdings in shares of Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after buying an additional 159,200 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after buying an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Cameco stock opened at $49.86 on Wednesday. The company has a market cap of $21.70 billion, a P/E ratio of 262.41 and a beta of 0.94. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The business has a fifty day moving average of $52.71 and a two-hundred day moving average of $49.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.